Frequently Asked Questions

Q: What is referred to as an exclusive listing?

A: Exclusive listings are often referred to as listings which are not entered on the Multiple Listing Service® (MLS®). There are various types of exclusive listings so be sure to ask your REALTOR® to explain the specific terms and limitations of each type.

Q: Can I cancel my listing at any time?

A: No, a listing contract between you and the brokerage (company) creates a legal and binding obligation on both parts. If you have concerns or problems, discuss them with your REALTOR® or their broker.

Q: When my listing expires, how long do I have to wait until I can sell my home?

A: You can sell at any time after the listing expires, but bear in mind that you may still have to pay remuneration. Check with your REALTOR® to clarify any holdover clauses in your contract.

Q: What is the remuneration rate?

A: Remuneration rates are negotiated at the time your listing contract is signed and determined individually by each brokerage.

Q: If I receive an offer I don’t like, do I have to counter it?

A: No. You have the choice of accepting, rejecting, or making a counter-offer. Your REALTOR® will guide you on the best available options.

Q: Do I have to use a lawyer?

A: Although not required, using a lawyer is highly recommended.

Q: Why should I use a REALTOR®?

A: A REALTOR® can help you to not only get a better price for your home, but also make the whole process easier and reduce your risk in the transaction.

Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.